Thread by @Kevin_Cage_, 1) THREAD *What We Know*Finastra (Ripple Partner)

1) THREAD *What We Know*

Finastra (Ripple Partner) - 48 of Top 50 Banks in the World. 9,000 customers/130 Countries. Ripple integrated their global payment services hub (GLOBAL PAYPLUS) w Ripple's DLT as FOUNDATION for further disruptive payments innovation

2) 63% of banks are collaborating with fintechs on distributed ledger technologies and APIs* - Found by @xrp_owl
https://www.finastra.com/news-events/press-releases/dh-partners-ripple-deliver-innovative-payment-capabilities-and-create https://www.finastra.com/news-events/events/open-trade-finance-moving-open-apis

Open trade finance: Moving to open API’s

63% of banks are collaborating with fintechs on distributed ledger technologies and APIs With recent social change and requirements of the way counterparties interact, the near future will see a new...

https://www.finastra.com/news-events/press-releases/dh-partners-ripple-deliver-innovative-payment-capabilities-and-create

3) Finastra’s PayPlus is leading solution used by CLS for FX Settlement (Ripple/R3 Partner)
https://www.cls-group.com/partnerships/finastra/

https://www.finastra.com/sites/default/files/documents/2018/03/fact-sheet-payplus-cls.pdf

CLS transacts over 50% of FX Settlement Volume (trillions)
https://www.cls-group.com/products/data/clsmarketdata/fx-spot-volume/

4) DTCC (w/ help of Accenture, Digital Asset, & R3) specifically said, regarding DLT, they will be using CLS for Settlement. DTCC working on many other Intra-Network DLT Initiatives unrelated to settlement so don’t worry about those. Focus is on CLS right now.

5) https://www.r3.com/press-media/dtcc-announces-study-results-demonstrating-that-dlt-can-support-trading-volumes-in-the-us-equity-markets/

https://www.dtcc.com/news/2018/october/16/dtcc-unveils-groundbreaking-study-on-dlt

https://www.businesswire.com/news/home/20061213005168/en/DTCC-Chooses-CLS-Bank-Global-Settlement-Partner

Former DTCC CEO, Don Donahue, is a Ripple Advisor https://ripple.com/ripple_press/ripple-labs-names-donald-donahue-as-advisor/

Ripple Labs Names Donald Donahue as Advisor | Ripple

Former CEO of DTCC brings deep financial services infrastructure technology and security expertise to Ripple Labs.

https://www.r3.com/press-media/dtcc-announces-study-results-demonstrating-that-dlt-can-support-trading-volumes-in-the-us-equity-markets/

6) State Street connected w/ Finastra & Temenos (holds $30 Trillion, more than 10% of world’s total assets). FIS was contender w/ a Bid as well to be their tech provider. https://fortune.com/2019/10/02/bank-blockchain-state-street-digital-assets/

Digital Assets Will 'Trickle, Trickle, Trickle—Then Flood,' State Street Exec Says

Jay Biancamano, digital asset lead at State Street, one of the world's largest custody banks, expects a wave of institutional interest in blockchain-based digital assets on the horizon.

https://fortune.com/2019/10/02/bank-blockchain-state-street-digital-assets/

7) How many Institutionally-Backed Fintechs (Ripple) or Consortiums (R3) do you know that Utilize DLT?

A Digital Asset transfers value over DLT. A very liquid asset offers > benefits than current payment rails. https://cointelegraph.com/news/what-is-the-difference-between-blockchain-and-dlt

What Is the Difference Between Blockchain and DLT?

What exactly is the difference between a blockchain and distributed ledgers? Here is a full guide on what each technology does and how...

https://cointelegraph.com/news/what-is-the-difference-between-blockchain-and-dlt

8) Stable Coins & Permissioned Tokens do NOT solve the problem of trust or interoperability between various silos. Eventually walled gardens have to interact between themselves. Hence, a bridge is needed somewhere.

9) Although DTCC most likely will use their own in-house token/permissioned network, some of that value would still have to run over CLS for FX Settlement -> Finastra’s Ripple Integrated Platform, PayPlus, when settling FX Txns, right?)

10) Just asking questions & speculation. Will be interesting to see how this all ends up.

Let me know your thoughts down below, please

Credit to all researchers below & many more (NOT MY FINDINGS, JUST SHARING): https://coil.com/p/IamLegion/The-Archives-part-8-Finastra/jpPGT7A6V

@iamlegion: https://coil.com/u/IamLegion

@fame21moore: https://www.youtube.com/channel/UC8WzUvBsq9hiZeFmvA_amVA?view_as=subscriber & https://www.patreon.com/user?u=22374899

@xrp_owl: https://www.youtube.com/channel/UCYXvemxnjwbQ64y6Q12ytnw?view_as=subscriber

@xrpnuts

@0namelessness0

RT please

King Solomon

Digital Asset & Blockchain Researcher (Primarily Ripple & XRP). Not financial Advice

https://coil.com/p/IamLegion/The-Archives-part-8-Finastra/jpPGT7A6V

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